Tangerine's new Money-Back Credit Card is coming???

Although there is still no official release on Tangerine's new credit card: Money-Back credit card, there are some gossip online about this credit card:

• No fee MasterCard
• Probably it will be released in Nov/Dec
• gives 2% cash-back on purchases in two categories of your choice (for instance electronics and personal care), 
• 1% cash-back on all other purchases.
• deposit your money-back rewards into your Tangerine Savings Account and receive a third category (like recurring bill payments) at 2% cash-back.
• rewards are paid out automatically at the end of each month.

Honestly speaking, if all above are true, then this new Tangerine Money-Back credit card is a good no-annual-fee card. But I will still not apply for it, as I have other cards that can provide full 2% cash back rewards. If Tangerine can add just one more benefit, no foreign exchange fee, then I will go for it!

NOTE: this is just rumor. no official release of this card yet.